Korean companies draw interest at arms fair in UAE
Defense Minister Lee Jong-sup, front center, looks at a concept aircraft displayed by Korea Aerospace Industries during the International Defense Exhibition and Conference in Abu Dhabi, Monday (local time). Courtesy of Ministry of National DefenseBy Jung Min-ho, Joint Press Corps2022 was a significant year for Korea's arms makers. Exports more than doubled to a record high of $17.3 billion (22.4 trillion won) from the previous year, with sales of domestically developed military hardware picking up around the world, including in Poland, a NATO member nation.Optimism is prevailing among 29 Korean companies participating at a biennial arms fair in the United Arab Emirates (UAE), where potential buyers have been expressing great interest in the weapons and military technologies they offered. Buoyant with expectations, their representatives told reporters on Tuesday that they have high hopes for the year ahead.“Potential buyers not only from the Middle East region but also from Southeast Asia, Africa and Europe have shown great interest … I believe there will be some good new
